The Two Sources Given Both Dealt With The Costs Of Elder

1530 WordsApr 10, 20177 Pages
The two sources given both dealt with the costs of elder care. As used in the sources, elder care is the healthcare processes of the non-incarcerated American population aged above sixty-five years old. That segment of the population presents a unique burden on the healthcare system, since its health naturally tends to be weaker than the younger segments of the population. Its health also gradually declines as the individuals within the segment age. In America, where everyone is required to have health insurance, risking a penalty for not having it, a significant gap forms in between those who pay into the healthcare industry and those who receive treatment. The first source, “The High Concentration of U.S Healthcare Expenditures” details…show more content…
Second, the article details the five percent that is mentioned earlier. This five percent of the population accounts for around half of all healthcare expenditures. The average healthcare cost per year among this group averages to be $11,487 individually (Stanton). The people within this segment of the population tend to be a mixture of the elderly and people with one or multiple of a group of the fifteen most expensive, in terms of overall gross domestic product, medical conditions. The concentration of U.S healthcare expenditures among the top five percent of spenders becomes extremely blatant when comparing the average individual’s yearly cost of healthcare among their segment of the population. As stated earlier, the average healthcare cost per year among the top five percent of spenders averages to be $11,487 individually. That number is much greater than the average yearly healthcare spending of the bottom fifty percent of individual spenders, which averages around $664 (Stanton). The article does not state the reason for the concentration of healthcare spending among the top five percent of spenders, but it could be deduced to simply be a result of age. As people grow in age, their health tends to decline, and the array of health conditions possible for them broaden. In contrast, the bottom fifty percent of spenders are a group that encompasses much of America’s younger
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